Arguably the biggest sports competition in the world, the World Cup is just a month away from kickoff. In the light of all the preparations made to ensure this world cup is a resounding and remarkable event, cryptocurrency seems to be exploring its buzz. Over the years, brands and globally recognized organizations have commended the event as an economic and revenue booster.
Thus, the event seems to be ushering in happiness to the recognized soccer fan tokens---cryptocurrencies that ensure holders get access to benefit from the opportunities provided by football teams.
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The past seven days have seen fan tokens of the following national football teams rally 29%, 17%, and 12%, respectively-- this was extracted from data source CoinGecko. Argentinian and Turkish teams have also seen a spike of 9% and 10%. This is such an exciting time for football fans. Each of these coins holds a market rate of not below $30 million.
Source:CoinGecko
Interestingly, their latest performance has been mindblowing and, given the structure of the crypto market with foremost tokens like Bitcoin and Ethereum, the soccer fan tokens have performed better and rank as the best performing coins in the $354 million fan token market. Issued through blockchain-centered fan rewards platforms Socio and Bitci, the soccer fan tokens do identify as the possessors of the national teams. Nonetheless, there are perks attached to these coins, respectively.
For instance, a holder of this coin is allowed to participate in top-tier meet-and-greet events and receive loyalty incentives. Anyone with the Peruvian Token can communicate with members of the national team on the BitciToken platform. They can also collect fan gifts and virtual collections, gain entry to locker rooms and view the match from exclusive spaces.
Thus, the prediction is that the soccer fan token market is going to get very busy in the coming weeks, and the value will definitely increase drastically. There are guesses that after the WC ends, the coins will evolve as a digital substitute for sports betting, with coins linked with "fan favorite" teams celebrating and supporting them more than others. The tokens from each national team are in a duet to outperform one another. It will be interesting to see where this shapeshifts into after the World Cup ends.
Let us know what your thoughts are about the fan tokens in the comment section below.
